@Jon already warned you over a week ago. Get your deals straight, and stop w/ the constant edits. If your deals are not approved by your Mgmt, then maybe you should hold off posting until you can deliver on deals.
You’re not helping yourself or the community if you post deals you can’t deliver. If you want your own review thread, you can upon one up in this section of the website,
This has been brought up before, but ultimately and unfortunately, there is no requirement that they must have a review thread. Only brokers/dealers can open one up for themselves, if they wish.
Looking at the tundra lease specials you have for 24 months at 10K a year, why is the difference between the Nav and Non Nav Tundra $25 a month? Your post shows the non nav Tundra at $260 a month and the nav Tundra at $285 but the difference in MSRP is only about $1,000. Using the calculators here show that to be a $10 difference, not $25?
Also what does MRM mean? I saw that in the post of the Nav Tundra. (MRM$50,200)
I don’t know how you get $10 over in payment, but here is an explanation.
So, if you were to divide $1,000 by 24, you would get $41.67.
And then because it does have a MF of 0.00110, which translates into 2.64%, you would be adding some onto that payment. (Maybe $3-4 more) And then, in state of Texas, there is automotive tax of 6.25% off of the purchase price of the vehicle.
MRM is a term that US Bank uses - Maximum Residualized MSRP.
Even though the truck’s MSRP clearly states it to be $50,875, that bank caps the MRM at $50,200, so I have to be plugging in that number, when I actually pull the number out.
The residual is 81%. My understanding is you don’t pay the extra entire 1,000. You only pay 19% the other 81% goes to the residual. So by your explanation, you take the extra $41 or so when you divide the extra $1,000 by 24 months plus the other stuff you mentioned and 81% would normally go to the residual leaving the leasee to pay the difference of 19% in this case.
That’s how I got the $10. Otherwise, you calculated $41-$45 a month but the spread between the post you have of your non nav and nav Tundra is only $25. I’m assuming this is where that MRM comes into play?
Also, do you have tax credits to make this work (other dealers I talked too do) or is the entire 6.25% tax in Texas a part of this payment?